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  1. #1
    Registered User
    Join Date
    Apr 2014
    Posts
    146

    Covid-19 and World Economy

    Today the economy of whole word has disturbed and uneven results are about economy are appearing , what will be the future of whole world economy in this pandemic ?

  2. #2
    Registered User
    Join Date
    Dec 2018
    Posts
    53
    NO one can say what will be in future but yes this is going to affect more to our economy prediction not required

  3. #3
    Senior Member
    Join Date
    Jan 2017
    Posts
    138
    While there is no way to tell exactly what the economic damage from the global COVID-19 novel coronavirus pandemic will be, there is widespread agreement among economists that it will have severe negative impacts on the global economy. Early estimates predicated that, should the virus become a global pandemic, most major economies will lose at least 2.4 percent of the value their gross domestic product (GDP) over 2020, leading economists to already reduce their 2020 forecasts of global economic growth down from around 3.0 percent to 2.4 percent. To put this number in perspective, global GDP was estimated at around 86.6 trillion U.S. dollars in 2019 – meaning that just a 0.4 percent drop in economic growth amounts to almost 3.5 trillion U.S. dollars in lost economic output. However, these predictions were made prior to COVID-19 becoming a global pandemic, and before the implementation of widespread restrictions on social contact to stop the spread of the virus. Since then, global stock markets have suffered dramatic falls due to the outbreak, and the Dow Jones reported its largest-ever single day fall of almost 3,000 points on March 16, 2020 – beating its previous record of 2,300 points that was set only four days earlier.

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